Contract for the sale of residential freehold land with vacant possession

by Practical Law Property

A standard document for the sale and purchase of residential freehold property in England and Wales, to be sold with vacant possession. This standard document is drafted to incorporate the Standard Conditions of Sale (Fifth Edition - 2018 Revision) (SCS), but includes significant modifications and exclusions, making it a tailored alternative for transactions where the SCS may not all be suitable. It is adaptable for sales involving either registered or unregistered land. This standard document addresses key aspects of a conveyancing transaction, including provisions for contents, the level of title guarantee being provided, and the specific incumbrances affecting the property. It also contains important clauses concerning the consequences of delayed completion and securing a release of rights from any occupiers. This standard document provides guidance on defining the property, deducing title, and establishing the terms of the transfer, referencing key legislation such as the Law of Property (Miscellaneous Provisions) Act 1994 (LPMPA 1994).